Icahn Takes Herbalife Stake

By

Juliet Chung

Updated Jan. 16, 2013 3:31 p.m. ET

Activist money manager Carl Icahn and his deputies have told other investors that he has taken a stake in Herbalife Ltd., joining a heavyweight battle that has already drawn prominent hedge-fund managers William Ackman and Daniel Loeb.

One of the investors said Mr. Icahn bought a "small" position in the nutritional-supplements firm after Mr. Ackman unveiled a large bet against Herbalife stock and called it a pyramid...